Parade of Homes to return in August with multi-site format - Denver’s “Parade of Homes” will return Aug. 14 to Sept. 6, featuring a multiple-site format for a second year and a wider-than-usual range of home values, the Home Builders Association of Metro Denver said yesterday. “We’re bringing back the favorite elements of the Parade, but we’re adding more homes for visitors to see throughout the metro area and admission to the Parade will be free,” Clarence Hughes, chairman of the Parade of Homes and a Home Builders Association (HBA) board member, said in a statement.
http://www.bizjournals.com/denver/stories/2010/03/22/daily21.html?s=industry&i=resi_real_estate
Wednesday, March 24, 2010
Tuesday, March 23, 2010
Credit Consequences of Home Loss
1 in every 8 mortgages is currently in default and that number is on the rise. If you are in trouble and want to try to keep your home or avoid foreclosure, I'd be happy to visit with you regarding your options. YOU DO HAVE OPTIONS!!
Here is a valuable article that outlines the consequences of losing your home. Let me help you stop this process and get you on the road to recovery.
http://realtytimes.com/rtpages/20100323_credit.htm
Here is a valuable article that outlines the consequences of losing your home. Let me help you stop this process and get you on the road to recovery.
http://realtytimes.com/rtpages/20100323_credit.htm
Monday, March 15, 2010
February Market Stats are In
Single Family (Res + Cond)
Inventory was 19,349* listings at the end of Feb 10
Compared with prior month, available inventory is up 9%
Down 4% versus Feb 09
It doesn’t look like our shortage of inventory problem is getting better.
*Includes Active and Pending listings for historical trending purposes. See Market Intel reports for Pending count.
Under contract listings were at 4,414 units
Up 20% compared with prior month
Up 6% compared with same month year ago
This is a good sign for sellers (especially under $450). Not much on the market, and what is on the market is going UC quickly.
Sales volume (units) totaled 2,436
Up 4% compared to last month
Down 2% compared to Feb 09
You’ll recall that sales volume in Jan and Feb 2009 was a complete disaster relative to 2008. We sold even fewer homes in 2010. I think this is more a supply problem (2010) than a demand problem (2009).
Average sales price was $247,471, up versus prior month
14% increase from Feb 09, $218,010 avg price
Since we don’t have any low end homes to sell, we’re selling, proportionally, more mid-end homes. Thus the price increase.
Residential (DSF only, not CND)
Available inventory was at 14,447* listings, up 9% compared to prior month
This represents a 5% decrease from same month year ago
*Includes Active and Pending listings for historical trending purposes. See Market Intel reports for Pending count.
Under contract listings increased 20% to 3,459 from prior month, and were up 3% compared to Feb 09
Sales were up 4% from month ago to 1,913 units sold
Compared with Feb 09, units sold decreased 5%
Average sales price was $269,688
Up 4% compared with Jan 10, $260,530 avg price
Up 14% versus Feb 09, $236,920 avg price
Median sales price was $220,750, up 5% versus prior month, and up 15% from Feb 09
Condo
Inventory at close of Feb 10 was at 4,902* units
Up 9% compared to prior month and up 1% compared to Feb 09
*Includes Active and Pending listings for historical trending purposes. See Market Intel reports for Pending count.
There was a 18% increase in under contract units compared with Jan 10
Under contract listings were up 15% versus same month year ago
523 units sold in Feb 10, down 2% compared to prior month and down 10% from Feb 09
Average sales price was $166,206, up 5% versus Jan 10 and up 20% compared to Feb 09
Median price was $132,500, up 2% compared to prior month
Median price increased 13% from $117,725 Feb 09
Inventory was 19,349* listings at the end of Feb 10
Compared with prior month, available inventory is up 9%
Down 4% versus Feb 09
It doesn’t look like our shortage of inventory problem is getting better.
*Includes Active and Pending listings for historical trending purposes. See Market Intel reports for Pending count.
Under contract listings were at 4,414 units
Up 20% compared with prior month
Up 6% compared with same month year ago
This is a good sign for sellers (especially under $450). Not much on the market, and what is on the market is going UC quickly.
Sales volume (units) totaled 2,436
Up 4% compared to last month
Down 2% compared to Feb 09
You’ll recall that sales volume in Jan and Feb 2009 was a complete disaster relative to 2008. We sold even fewer homes in 2010. I think this is more a supply problem (2010) than a demand problem (2009).
Average sales price was $247,471, up versus prior month
14% increase from Feb 09, $218,010 avg price
Since we don’t have any low end homes to sell, we’re selling, proportionally, more mid-end homes. Thus the price increase.
Residential (DSF only, not CND)
Available inventory was at 14,447* listings, up 9% compared to prior month
This represents a 5% decrease from same month year ago
*Includes Active and Pending listings for historical trending purposes. See Market Intel reports for Pending count.
Under contract listings increased 20% to 3,459 from prior month, and were up 3% compared to Feb 09
Sales were up 4% from month ago to 1,913 units sold
Compared with Feb 09, units sold decreased 5%
Average sales price was $269,688
Up 4% compared with Jan 10, $260,530 avg price
Up 14% versus Feb 09, $236,920 avg price
Median sales price was $220,750, up 5% versus prior month, and up 15% from Feb 09
Condo
Inventory at close of Feb 10 was at 4,902* units
Up 9% compared to prior month and up 1% compared to Feb 09
*Includes Active and Pending listings for historical trending purposes. See Market Intel reports for Pending count.
There was a 18% increase in under contract units compared with Jan 10
Under contract listings were up 15% versus same month year ago
523 units sold in Feb 10, down 2% compared to prior month and down 10% from Feb 09
Average sales price was $166,206, up 5% versus Jan 10 and up 20% compared to Feb 09
Median price was $132,500, up 2% compared to prior month
Median price increased 13% from $117,725 Feb 09
Wednesday, March 10, 2010
Denver home market shows further improvement
Sales and selling prices of existing homes in metro Denver improved again in February, showing that the housing market continues to slowly recover. Highlights of last month’s home sales included:
* An increase in sales of $1 million-plus homes
* A 20% jump in the average selling price for condos
* A 15% rise in median sold price for houses
“Denver is coming out of the recession a little faster than everyone else. … People are out looking at and buying homes, looking at the affordability factor and marketability factor,” said Gary Bauer, an independent residential real estate broker in Littleton and Metrolist analyst.
http://www.bizjournals.com/denver/stories/2010/03/08/daily22.html?s=industry&i=resi_real_estate
* An increase in sales of $1 million-plus homes
* A 20% jump in the average selling price for condos
* A 15% rise in median sold price for houses
“Denver is coming out of the recession a little faster than everyone else. … People are out looking at and buying homes, looking at the affordability factor and marketability factor,” said Gary Bauer, an independent residential real estate broker in Littleton and Metrolist analyst.
http://www.bizjournals.com/denver/stories/2010/03/08/daily22.html?s=industry&i=resi_real_estate
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